The death toll from a suicide attack on a Kurdish wedding in the city of Gaziantep has risen to 54. Sixty-six people were still in hospital, 14 of them in a serious condition. DHA via AP Photo
The death toll from a suicide attack on a Kurdish wedding in the city of Gaziantep has risen to 54. Sixty-six people were still in hospital, 14 of them in a serious condition. DHA via AP Photo

Turkey backtracks on ‘ISIL child wedding bomber’ claims



ANKARA // Turkey went back on claims that a child bomber linked to ISIL extremists carried out a deadly suicide bombing close to Syria, saying it had no clue who was behind the attack.

The Turkish prime minister, Binali Yildirim, said Ankara could not confirm who carried out of the attack on a Kurdish wedding in the city of Gaziantep which left 54 dead, apparently contradicting president Recep Tayyip Erdogan who said on Sunday it was a child bomber, aged 12-14, acting on ISIL orders.

“We do not have a clue about who the perpetrators behind the attack were. Early information on who did the attack, in what organisation’s name, is unfortunately not right,” Mr Yildirim said.

Mr Yildirim described as “rumours” whether the attack was conducted by a child or an adult, while insisting security agencies would continue their work to find out who was responsible.

“Those who were behind the attack will be revealed, there is no doubt about this.”

The Hurriyet daily said DNA tests were under way to find the bomber's identity, nationality and gender.

Security forces believed ISIL had timed the attack as retaliation for offensives both by Kurdish militias and pro-Ankara Syrian opposition forces against the group in Syria, according to earlier Turkish press reports.

According to the Syrian Observatory for Human Rights, hundreds of rebel fighters were preparing inside Turkish territory to launch an offensive on the ISIL-held Syrian town of Jarablus.

Without explicitly confirming the rebel offensive, Mevlut Cavusoglu, the foreign minister, said Turkey backed anyone fighting against ISIL and would itself fight the group “to the end”.

“Our border must be completely cleansed from Daesh,” he said in televised remarks.

CNN-Turk and NTV channels later reported that Turkish armed forces launched artillery strikes on separate targets of ISIL militants and the Democratic Union Party (PYD) Kurdish militia in northern Syria.

Turkish army howitzers stationed inside Turkey fired on ISIL targets in the town of Jarablus and PYD targets around the area of Manbij, the reports said.

The majority of those killed in the wedding blast were children or teenagers, with 29 of the 44 victims identified so far aged under 18, media said.

The death toll rose to 54 after three more died in hospital in the early morning, the Dogan news agency reported.

Sixty-six people were still in hospital, 14 of them in a serious condition. Television pictures showed a fire brigade hosing down the area of the attack with water in a clean-up.

The leader of the pro-Kurdish Peoples’ Democratic Party (HDP) Selahattin Demirtas said in a statement that “all of those killed were Kurds”.

The bride and groom — a couple from the strongly Kurdish region of Siirt to the south-east — were rushed to hospital but not seriously wounded.

The attack followed a string of strikes blamed on IS and Kurdish militants in recent months but if IS launched the attack, it would be the first significant jihadist action in Turkey since a failed July 15 coup.

Hurriyet said the type of bomb used — stuffed with 2-3 centimetre shards of iron and detonated with C-4 explosives — was similar to that used in previous suicide bombings against pro-Kurdish gatherings blamed on ISIL in the border town of Suruc and at Ankara train station last year.

The authorities were also looking for two individuals said to have accompanied the suspected suicide bomber into the wedding party but who then left the scene.

All 44 victims identified so far were laid to rest in harrowing ceremonies in Gaziantep on Sunday, with relatives throwing themselves on the coffins in grief.

The hillside graveyard was pockmarked before the ceremony with the holes of dozens of freshly dug graves for the victims.

One mother, Emine Ayhan, lost four of her five children in the bombing while her husband is in intensive care, the Yeni Safak daily said.

According to the list of victims in Turkish media, the youngest — named as Gurbet Akcan and Muhammet Yagiz — were both aged four.

The UN Security Council on Monday condemned what it described as a “heinous and cowardly terrorist attack”.

* Agence France-Presse

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Ads on social media can 'normalise' drugs

A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.

The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.

Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.

Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.

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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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The%20specs
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About Housecall

Date started: July 2020

Founders: Omar and Humaid Alzaabi

Based: Abu Dhabi

Sector: HealthTech

# of staff: 10

Funding to date: Self-funded

The 10 Questions
  • Is there a God?
  • How did it all begin?
  • What is inside a black hole?
  • Can we predict the future?
  • Is time travel possible?
  • Will we survive on Earth?
  • Is there other intelligent life in the universe?
  • Should we colonise space?
  • Will artificial intelligence outsmart us?
  • How do we shape the future?
Keane on …

Liverpool’s Uefa Champions League bid: “They’re great. With the attacking force they have, for me, they’re certainly one of the favourites. You look at the teams left in it - they’re capable of scoring against anybody at any given time. Defensively they’ve been good, so I don’t see any reason why they couldn’t go on and win it.”

Mohamed Salah’s debut campaign at Anfield: “Unbelievable. He’s been phenomenal. You can name the front three, but for him on a personal level, he’s been unreal. He’s been great to watch and hopefully he can continue now until the end of the season - which I’m sure he will, because he’s been in fine form. He’s been incredible this season.”

Zlatan Ibrahimovic’s instant impact at former club LA Galaxy: “Brilliant. It’s been a great start for him and for the club. They were crying out for another big name there. They were lacking that, for the prestige of LA Galaxy. And now they have one of the finest stars. I hope they can go win something this year.”

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
Biography

Favourite Meal: Chicken Caesar salad

Hobbies: Travelling, going to the gym

Inspiration: Father, who was a captain in the UAE army

Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter

Favourite film: The Founder, about the establishment of McDonald's

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

 

 

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Need to know

When: October 17 until November 10

Cost: Entry is free but some events require prior registration

Where: Various locations including National Theatre (Abu Dhabi), Abu Dhabi Cultural Center, Zayed University Promenade, Beach Rotana (Abu Dhabi), Vox Cinemas at Yas Mall, Sharjah Youth Center

What: The Korea Festival will feature art exhibitions, a B-boy dance show, a mini K-pop concert, traditional dance and music performances, food tastings, a beauty seminar, and more.

For more information: www.koreafestivaluae.com

Small%20Things%20Like%20These
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THE DETAILS

Kaala

Dir: Pa. Ranjith

Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar  

Rating: 1.5/5 

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Kandahar%20
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What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.